Norwegian and Chinese companies will build a 750 MW wind farm in Ukraine

Norwegian NBT AS and China Electric Power Equipment and Technology Co., Ltd. (CET), a subsidiary of State Grid Corporation of China, signed two EPC contracts for Zofiya II and Zofiya III wind farms with a capacity of 300 MW and 450 MW, respectively, in Zaporizhzhia region, which should become the largest wind farm in Europe. This is reported by BusinessCensor.

The Norwegian company NBT has signed a preliminary agreement on financing these wind farms with CET, Industrial Commercial Bank of China (ICBC), Export-Import Bank of China (Exim Bank of China) and China Construction Bank (CCB) in the amount of 500 million euros. The company also said it plans to raise another 250 million euros from other international banks with the support of ICBC, Exim Bank of China and CCB.

The total investment in Zofia II and Zofia III wind farms should exceed 1 billion euros.

After commissioning, wind farms have to produce 2.900 GWh per year, which is enough to meet the needs of approximately 340 thousand households, and CO2 emissions will be reduced by 1.6 million tons per year.

According to the Unified Register of Environmental Impact Assessment (EIA) data for September of this year, the NBT, controlled by Azovinvestprom LLC launched the first phase of Zofia wind farm with a capacity of 42.5 MW in thhe Yakymovskyi district of Zaporizhzhia region.

Earlier it was reported that 200 MW of clean electricity capacities would be built in Carpathian region.

 

Tags: The Cabinet of Ministers, contracts, renewable energy, tariffs, solar energy, wind energy, bio-TPP, legislation, electricity, NEURC, EU, feed-in tariff, ETL, electricity market, foreign affairs, ВИЭ

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